Insurance

Providing better insurance performance monitoring through interactive digital reports delivered to your iPad

As an insurance provider, you need to keep track of insurance key performance indicators

We can set up a database of insurance KPIs, update the database on an ongoing basis and provide Interactive digital reports delivered to your desktop or to your iPad to help you:

• Obtain a bird’s eye-view of your business
• Identify flash points
• Drill down to finer levels of detail
• Identify and extrapolate trends
• Understand and correlate composition
• obtain a different perspective by slicing/dicing data and
• Compare insurance performance against industry benchmarks and the competition

We use state-of-the-art business intelligence tools such as Microstrategy, Qlikview or Roambi to deliver interactive digital reports

For larger enterprises we can set up and deliver, on an ongoing basis, interactive digital reports using XBRL technology by setting up an enterprise specific taxonomy and linking it to your accounting and other underlying systems.

Policy Administration Solutions

We understand the insurance business, particularly that of small and midsize enterprises   especially property and casualty insurance.

We offer insurance policy management services (monitoring and tracking renewals, securing quotes, issuing cover notes, securing/reviewing policy documents, preparing invoices, monitoring collection of premiums, following up amounts receivable etc)

We ensure your end-customers are delighted and can sleep easier knowing their policies are monitored for timely renewal, the policy contracts are exactly as expected and the cost of insurance is as low as the market will permit.  We work with your risk management experts and with your systems and provide insurance process outsourcing services to ensure your business enjoys competitive advantage through high quality customer service.  Lower cost automatically follows.

The insurance policy administration services we offer include:

• Monitoring expiry of policies and sending out renewal reminders
• Working with Risk Experts in crystallizing existing and desired covers and exclusions; assembling quotes from relevant insurance providers; deciding on customer recommendations
• Securing renewal consent from customers
• Securing confirmation of cover from insurance provider; reviewing cover to ensure customer requirements are met
• Advising customers of commencement of cover
• Monitoring receipt/transmission of insurance premium
• Monitoring and follow up of receipt of insurance policy
• Review of insurance policy to ensure coverage is exactly as required
• Monitoring transmission of insurance policy to customer
• Preparing customer invoice  for premium and charges
• Paying insurance premium  to insurance provider